This assignment provides an in-depth look into the marketing mix of Cadbury's. It covers various aspects such as products (Bournville, Brunch), pricing strategy, worldwide availability, promotional tactics like taglines and posters, employee roles, production processes, and physical evidence contributing to a healthy work environment.
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INTRODUCTION Marketing is the management process which is responsible for anticipating, satisfying and identifying basic needs and demands of the customers. It is the set of institution, processes for developing, exchanging, communicating and delivering value for clients. In addition, it is an essential process by which business entity developbuyers awareness and interest in services or products. Marketing includes different elements such as research, direct mail, advertising, targeting and public relation. All these are highly beneficial for the business entity in order to introduced their products and services in market (Al-Ekam and et. al., 2012). Further it also support them to maximise their sales and revenues by providing better quality of commodity. It is useful and valuable concept which is used by the all organisation with motive to achieve competitive advantages in given time duration. This report is based on Cadbury which is given in this assignment. It is a British confectionery business located in Uxbridge, London, United Kingdom in 1824. This study is divided into various tasks which include functions of marketing, interrelation between marketing and organisational department. Beside this marketing mix of two organisation and marketing plan of Cadbury also analysed in this project. TASK 1 P1. Roles and duties of marketing function Marketing is one of the best and essential aspect which is apply by each and every enterprise with motive to maximise their sales figure. It is also essential for the business to attract large number of customers by using different kind of marketing tool such as promotional mix. It is a best techniques for attracting maximum number of clients and increasing turnover by rendering quality products and services. Cadbury is a British confectionery business which deals in different variety of chocolates and many other goods (Askeland and Wright, 2013). There are different functions of marketing which is follow by the Cadbury are shown as below: Gathering and Analysing Market Information: It is identified as one of the important and necessary functions which is follow by the Cadbury manager (Functions of marketing, 2018). In this role of this functions to to analysis market information regarding customers taste, market demands and many other aspects. It is also beneficial for them to gather necessary information in a limited time period. 1
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Marketing Planning:It is another valuable and useful functions for the Cadbury. In this business entity plan an effective strategy and policy with motive to accomplish long term goals and objectives of company in given time period. This plan is based on innovation, modernization and many other equipments which help to maximise their reputation in marketplace. This functionplayimportantroleinintroducingnewproductsandservicesofcompanyin marketplace by using promotional mix. Product Designing and Development:This function also play vital role in selling products and services in market in a systematic manner. Effective design of the products support the organisation to maximise customer base in the enterprise (Baker and et. al., 2016). In this company tries to apply product development process which highly help to innovate their products and services to the customers and in the marketplace. Customer Support Service:It is another vital and significant function of the marketing which support the Cadbury in order to achieve long term targets and goals in limited time period. In this role of business manager is to provide after sales service, credit, exchanges services to the customers which turn for the achievement and growth of company in marketplace. Pricing of Products:It is another essential function of marketing which play effective and beneficial role in deciding product price as per the needs and wants of the customers. It will support the company to attract large number of customers towards business services and quality products at reasonable price (Brooks and Simkin, 2012). Main role of such function to fix accurate price of the product according to customers needs and market demand. In cause of Cadbury, price of the products are different as per the quality and quantity of chocolates and many other goods. Promotion:Promotion is significant and essential function which help the business to introduce their services and products in marketplace. In this role on marketing manager is to apply different promotional mix such as advertisement, publicity, sales promotion, publicity and many other useful tools. All these are highly support Cadbury to introduced their chocolates and many other goods prices via television, newspapers and many other ads. Storage or Warehousing:Another beneficial and useful function of marketing is storage and warehousing which play vital role in storing goods at long duration. This function apply by the Cadbury with aim to provide products as per the market demand and customers needs in an effective and efficient manner. 2
M1. Duties of marketing with respect to marketing environment Marketing environment is identify the combination of internal and external factor which support the business entity to maximise turnover and sales in given time duration. There are different duties of marketing in relation with marketing environment which are determined as below: Marketing research:It is one of the main and foremost functions which help business manager in order to conduct market research. Under this, they analysis clients demands and needs about Cadbury products (Burke and Friedman, 2011). Further, it will support to maximise revenue and sales in an effective manner. Market strategies:It is also essential and foremost element which support the business enterprise in order to plan an effective strategy such as promotional mix, this strategy includes advertisement, publicity, sales promotion, public relation and many other (Berkowitz, 2016). Marketing information system:It is a best function of marketing which is essential and valuable for the Cadbury to accomplish their predetermined objectives and targets in an essential and effective way. This techniques render all information about product development, planning and controlling. Monitoring and controlling of marketing environment:It is another function of the marketing which is helpful and valuable for the Cadbury to control all activities and functions which are effects on the company (Campbell and Martin, 2015). It is the role of manager is to satisfy basic wants and needs of customers. P2. Marketing roles and responsibilities in context with organisation Marketing play different roles and responsibility in the achievement of long term growth and success of company. With the help of this, Cadbury easily increase their sales and revenues inlimitedtimeduration.Marketingincludesdifferenttoolssuchaspromotionmix, advertisement, publicity, public relation and many other that attract large number of customers. In the organisation, there are different number of departments are work with together with the motive of accomplishing long term objectives and goals in given time period (Cavusgil and et. al., 2014). There are different departments whose are work with each other and aim to attain maximum amount of capital. Marketing and organisation department are interrelated with each other which are determined as below: 3
Finance department:It is main department of the Cadbury which play vital role in arranging accurate and sufficient amount of the money. Without this factor Cadbury can not do their all functions and activities in proper manner. These are achievable with the help of Marketing because in this it play critical role in identifying proper resources of funding. Thus, marketing and departments of the organisation are interrelated with each others. Marketing department:It is another main and important department in this organisation which play critical role in success and growth of the organisation. Role of this division is to apply different tools and techniques in order to promote and advertise business products and services in marketplace (Chamorro-Mera, Miranda and Rubio, 2014). In this role of manager is to conduct research program which help to to analysis basic needs and wants of customers regarding Cadbury products and business service. Therefore, marketing department of the organisation and marketing both are interrelated with each other with motive to accomplish long term goals and objectives of marketing in limited time period. Human resource department:HR department also play vital and effective role in hiring knowledgeable and best candidates who are attain long term objectives of Cadbury. This department also play essential role in providing information related to job vacancy. In this business organisation use internal and external approach of recruitment, it is the role of marketing manager is to follow this and recruit talented employees. Thus, market and human resource department of the organisation are interrelated with each other. Operational department:Main role of this department is to observe production of products and services which h help to increase sales and turnover of the company. In this business apply supply chain management process which support to maximise their sales and revenues in limited time duration (Cooper, 2013). It is possible with the help of marketing which support to attract large number of customers and gain competitive advantages in given time period. Thus, operational department can not work with the help of marketing tool. So both are inter connected with each other and have motive to accomplish long term objectives and goals. Research and development department:It is another important department which play vital and essential role in analysing needs and wants of the customers, in this role of manager is to conduct research program which help to recognise wants and requirements of the clients and market trends in an effective and efficient manner (Blythe, 2012). These are main department of the Cadbury which play vital role in analysing requirements of clients. It is possible with the help 4
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of marketing because without this they cannot accomplish long term goals and targets. In this marketing manager apply qualitative and quantitative research program which support to increase sales and revenue of the organisation. Thus both departments are interrelated with each other and have same motive to accomplish business targets. All these departments are interrelated with each other and have common purpose to attain long term goals and objectives within predetermined period of time. These are determined as below: Marketing Vs Finance:In order to run daily basis operations of company successfully, finance is highly needed. Without sufficient finance, no activities or functions can run in proper way. It is the main department which assign budget and allotted funds to different departments. Activities of marketing needs maximum amount of capital so, it is essential that organisation should have sufficient fund. In Cadbury, coordination or timing between finance and marketing department assistance in analysing entire promotional activities in accurate and proper way. Marketing and finance department are connected with each other as activities or functions of one department can not be evaluated without other. Marketing Vs HR:Human resource management department is obsessed with hiring and recruiting of individuals who are able to accomplish goals and objectives of company. For this, they necessarily to create accurate advertisement of empty job position of organization. In this, department of marketing plays vital role. They create impressive advertisement in respect of empty job position of enterprise so that group who desire job can be alert regarding it. With the assist of marketing department, HR department pass on to perspective nominee regarding job position so that they alter of fill up request form in order to acquire that job. MarketingVsOperations:Operationsdepartmentistakenupwithprocedureof manufacturing of good and services. High quality products are supplied by developing good usage of resourcesin costeffective way. Operationsdepartment activitiesare extremely interconnected with marketing function. Marketing administrator study market trends as well as collect information about preferences and requirement of clients. This gathered data is rendered to operations department by marketing administrator so that products can be formed according to that and necessarily of clients can be contented in effective manner. All this information assist operations manager of Cadbury in devising impressive decisions in respect of production process. 5
Marketing Vs Administration:Administration department is main part to manage all activities and functions of company in an effective and efficient manner. Marketing is a large concept, which estate different activities. The procedure starts with recognising customer necessarily for a special service or merchandise, then continues by serving the goods with the suitably defined qualities, deciding the pricing supported on market mechanics, advertising the goods and eventually supplying the good for sale. Another ismarketing it is a processes that cannot be attained without making sure that the particular activities concerned are expeditiously accomplished,whichconcernthethoughtofmanagement. Administration dealswith the different functions of organizing, planning, directing, staffing, coordinating, budgeting and reporting. Management is rather wide, and some feature of it will be engaged within each and every marketing activity. M2 Significance of inter-relationship between marketing and other functional unit Marketing and different department of the organisation play vital and significant role in achievement of long term goals and objectives in limited time duration. It will also support to maximise sales and turnover in limited time duration. Relationship between marketing and different department of the enterprise are support the Cadbury to improve their effectiveness and profitability in an effective and efficient manner (Cua, Reames and Chai, 2013). It is also beneficial for the organisation and its managers to deal difficult situation in easy manner. D1 Critically evaluate the key element of marketing function Marketing functions are important and essential for the Cadbury to maximise sales and revenues of an enterprise in limited time period. There are different key component of marketing functions which are shown as below: Planing:It is identified one of the main element which is support the business to plan an effective strategy and policy which help to maximise sales and revenue of the Cadbury in limited time duration. Research or investigation:It is also important part which assist business organisation to conduct a research program with aim to identifying basic wants and requirements of customers regarding Cadbury products and services (Desai, 2013). Strategy or scheme:It is another important and essential element which support the enterprise to establish best scheme and strategy. It is also assist to maximise sales and revenues 6
of the company. Cadbury use different strategy to attract large number of the customers effectively and efficiently. Tactics:It is important key component of function which is beneficial for organisation to increase customer base in limited time duration. With the help of this they can easily accomplish long term objectives and goals in given time period. TASK 2 P3. Marketing mix between Cadbury and Nestle (Source:Marketing-mix, 2018) Marketing MixCADBURYNESTLE ProductIt is identify as one of the best andessentialaspectsofthe NESTLEisafamousand popularorganisation with its 7 Illustration1: Marketing Mix
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marketing mix which assist to improve their performance and goodwill in marketplace. Cad- bury daily milk made up of realchocolatesandinclude cocoa butter and includes bars, cakes, biscuit, drinks and ice cream(DibbandSimkin, 2013). quality products and creative services(MarketingMix, 2018).Milkproducts, beveragesandchocolates confectioneryafterthatmilk productI.e.nestleeveryday dairy winter, ghee and fresh natural dahi. PricePrice is play vital and essential role in fixing appropriate price oftheproductsasperthe needs and wants of customers. Adoptedcompetitivepricing strategy and charge premium pricesonothervariants, althoughcompanycutdown weight but not increase cost. Price of the Nestle products are different as per the quality and quantity of products. So it is one of the best and foremost aspect which support business entitytoaccomplishtheir predeterminedgoalsand objectives.Companyusing stablepricepolicyinwhich theychargehighpriceson those product which are very famousamongpeople(Dibb and Simkin, 2013). PromotionIt is identify as one of the best andessentialelementof marketingmixwhichplay vital role in the success and developmentof company. In thisbusinessentityapply differentchannelssuchas publicity,advertisement, It is generally done in order to communicatewithtarget audiences and uses slogan like usingsamesymbol,think globallyandactglobally. Further they reduce price and develop smaller packages for goodtomakeitmore 8
publicrelationandsoon. Companyusespromotional techniquesbygiving advertisementinformof celebrationanddairymilk SubhArambhandthebig factor in their promotion has pushedCDMsalesthrough campaign. affordable(Forshier,2012). They also apply various kind of promotion mix which help to introduce their all products andservicesinmarketplace. Further, it is most essential and beneficialforachievinglong termgoalsandtargetsin limited time duration. PlaceBasically it produced mainly at theirchocolatefactoryin Bonneville in Birmingham and thentransportedtotheir stockrooms and they sell their chocolatesinshops,stores (Hughes,2011).Itisalso attractivepartofinfluencing customerstowardsbusiness services and products. Thus, it supporttoimprovetheir reputationandgoodwillin marketplace. Nestlecompanydiversified their business at different place bydividingitintosales, marketingwhosaleitto wholesalerthenretailerafter thatcustomers.Theyhave differentplacefordelivering theirqualityproductsand servicestothecustomersat reasonable price. PeopleThe main target of company is youth which act basic target audienceofcompanywhich helpinmaximisesalesof company (Hauer, 2011). In the organisation, different number of the workers are employs, all thesearehavebetter Theirtargetcustomersare include child, youngsters and oldgenerationinorderto increaseprofits.Inthe business, there are also various number of the employees are work with motive to achieve maximum number of the profit 9
knowledgeandskilltodeal with difficult situation in easy manner. and gain competitive edge. ProcessCADBURYmaintainhigh qualityintheirproductline anduseaffordableprice structure in order to increase thesaleandprofitabilityof business.Inotherword businessneedtoadoptsuch usual procedures which reduce cost and increase productivity. Nestle company use different types of strategy in order to carry the whole procedure of companyinordermaximise sales and efficiency and this leadstominimumwastage, lossinbusinessoperations (Hughes, 2011). Physical evidenceIt is consider as an effective activity which is important for companytomaintainquality ofgoodswhicharesell globally. Itisgenerallybasedonthe concept good health good life anddevelopsuchproducts whicharehealthier, ecofriendly and taster. M3 Evaluate different tactics chosen by Cadbury to achieve business objective 7P's of the marketing is identify as one of the best and beneficial tactics to the all organisation. It is also used by the Cadbury with motive of introduced their new services and products in market. So it help to maintain their position and image as well as gain competitive edge in limited time period (Hugos, 20112). Further it is a part of achievement and development to increase their sales amount. With the help of this tactics they easily attract large number of customers towards Cadbury products and effective services. TASK 3 P4. Marketing plan of Cadbury Marketing plan:In this all activities and tasks are to be created. So hence efforts are out by Cadbury so that it can leads to growth and success of the company. The elements included in marketing mix are 10
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Background of Cadbury:It is a firm which helps in selling products to various customers at reasonable rate. It was established in 1824 by John Cadbury at U.K. In company Around 71675 staff members are working to achieve the goals in firm. Vision:Main vision statement of this company is to provide equality, peaceful environment and no favouritism. Mission:Its main mission is to create good quality of products. Thus it leads to increasing of reputation in the market. Objectives:Main goals is to gain attention of many buyers through creation of many chocolates. Other goals are ï‚·Increasing of sales and revenues ï‚·Capturing of many customers by providing good quality of products ï‚·Increasing of loyalty and maintaining strong relationship with customers ï‚·To maintain long-lasting and strong relationship with customers and employees. SWOTanalysis:It is a tool which helps in determining different opportunities and threats in market (Jain, Ahuja and Medury,2013). Through this it can identify the strengths and weakness which is crucial for all users. Five elements are described below: StrengthWeakness ï‚·It is a popular brand ï‚·Maximum market share ï‚·StronginnovationinCadbury chocolates. ï‚·Businesshasverysuccessful advertising and marketing campaigns. ï‚·Weaknessisproblemsrelatedwith dental with use of chocolates. ï‚·Good experience in international. ï‚·Afewdisputationaboutworms, advertisingandsononmade international news. ThreatsOpportunities ï‚·Entry of country brands ï‚·Budget is limited ï‚·Negative promotion ï‚·Maximise in raw material cost. ï‚·Inflation can reason reduction in sales. ï‚·Increases market share through creating policies to target audience. ï‚·Customers can be engaged ï‚·Variegationofproductrangeinto concentrated food segments. 11
Marketing objective:Main aim is to perform research and investigation. Hence they identify needs in market and provide good quality of products. Main objectives and goals of the marketing manager is to conduct research and identify basic needs and wants of customers about chocolates and many other goods (Lane, 2014). There are some another objectives of marketing which are determine as below: ï‚·To accomplish long term goals and objectives.ï‚·To attract large number of customers towards business services and products which help to attain long term marketing objectives. Competitive analysis:It is main part of the marketing plan which is prepare by the all organisationinordertomaintainbusinessperformanceandproductivityincompetitive marketplace. It will also support to identify competitors pricing strategy and products (Hugos, 2011). There re different challengers are present in marketplace whose provide same kind of services and products are known as challengers. Cadbury is very famous brand. It competitors are Nestle,Hershey's Mars etc. Segmentation,Targeting and positioning SegmentIt segments population and people who can purchasemanychocolateseitherfor consumption or for gift. Target groupTarget group are children,middle lower and upper class families PositioningIt position is very good and it uses different promotional strategies. Main strategies: Cadbury use Ansoff matrix which is important to accomplish the targets. This strategy is one of the best and beneficial part which is used by the Cadbury to expand their business operations and activities at international and national level (Lipsman and et. al., 2011). With the help of this strategy they easily accomplish their predetermined objectives and targets in an effective and efficient way. It can cover four goals that are: Ansoff matrixCadbury 12
Market penetrationExamples are fruit and nut ,bubbly and perk Product developmentItisimportantforfirmtocreateeffective goodsinmarket.ProductisMarvelous creation. Market developmentThrough firm can increase their operations and candiversifytheitems.Hencetheycan increase the profits. DiversificationTheyhadlaunchedgumsincaseof diversification.Cadburyisclassifiedas quantity,quality and flavour. Marketing Budget: Marketing budget Particulars1st year2nd year3rd year4th year5th year Initial capital9000100001500070009000 Investmentof finance800090001000012000 Net Total900018000240001700021000 Types of marketing Promotion50005000500050005000 Advertisementor30003000300030003000 13
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publicity Direct selling10001000100010001000 Grand Total1800027000330002600030000 Controlling and monitoring: It is last step of plan of marketing. Manager handle all operations effectively and smoothly. Administrator use innovative technology so that they can maintain daily expenses. In this entire activities and functions of the Cadbury is mange by the business manager with aim to maintain long-lasting connection with customers and employees in the organisation. M4 Produce detailed marketing plan for Cadbury Marketing plan is necessary and essential part of the all organisation,. It is prepare by each and every enterprise with motive to providing entire information and data to the customers and in the marketplace. It will assist to retain strong relationship with clients as well as help to achievemaximumamountofmoney.Thisplanincludesentiredetailsaboutbusiness performance and its image in market. D2 Design marketing plan with the use of 7Ps 7P' is also an important part of the marketing plan which is apply by all organisation. In cause of Cadbury, they use marketing mix which help them to innovate their new flavour in chocolates and creative services in market and to the customers. 7P's of the Cadbury are described as below: 7p's of Marketing MixCadbury ProductCadbury produce variousproducts such as Bournville,Brunch Hazelnut, Perk, Five star, Dairy milk fruit& milk Blackcurrantmini rolls, Oreo and many other. 14
PriceCadbury products price is different according its quality as well as quality. It is important for Cadbury to maximise customers base in the organisation. PlaceCadbury products is available worldwide. So It is shown as better position of company in marketplace and worldwide. PromotionIt is most important part of the marketing mix which is used by the all business in order to advertisetheirchocolatesproductsin marketplace. In order to promote their products they use Tagline, publicity, poster and so on. PeopleIntheorganisation,differentnumberof employees are work with each other and have motive to accomplish long term objectives and goals in an effective and efficient manner. ProcessIt is best component of marketing mix which is used by all organisation in order to produce their products to the customers systematically. Physical EvidenceItissignificantandimportantpartofthe organization, it is render healthy as well as friendly work atmospheres to the worker. CONCLUSION From the above mentioned report, it can be concluded marketing play vital and essential role in achieving long term goals and targets in limited time period. Further, it is important to accomplish predetermined objectives and targets in systematic manner. Marketing functions has different roles and duties with motive to recognise customers needs and wants about chocolates. In this department of organisation is also play vital role in achievement of long term growth and 15
success but it is possible with the help of marketing. Business use different tools and tactic to identify market demands and customer needs by conducting research program. 7P's of marketing mix is also important for the organisation to introduced their new flavour in chocolates and many other confectioneries goods. Role and responsibility of manager is to prepare a marketing plan which help to recognise customers wants and requirement about business services and products 16
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